7 years in Trading (Fully invested in developing my Trading career and skill ‼️‼️‼️,Not playing FOREX/Trading , not doing it when i feel like it or doing it part time or side hustle🚫🚫‼️‼️ )
Fully invested, treating and approaching Trading the financial markets similar to any formal career
*My biggest advice to new traders is this*:
-Prices don’t make the market , people make up the markets by arguing over the value of a specific asset and how it should be priced
-To understand the market ,you’d need to understand the participants(buyers and sellers) within the market
-Understand what gets people in and out of trades and what motivates them ,understand that humans are driven by either greed or fear
-Never be afraid of losing something you have never really had
-Have courage to hold your winning positions through the end or through the completion of the market movement
-There is an advantage in exercising patience ,careful timing is essential and being impatient is costly
-Success in trading only comes to those who work for it
-In a Zero sum market you either a prey and a predator and if you still starting always know you are the prey and the goal is to preserve your capital while developing your skill to a point where you are the predator
-In trading its all about self-preservation
-We are engaging in a field which was designed for professionals ,means we already start off at a disadvantage, so to improve our odds of survival we have to inform ourself and study the profession
-Never execute a trade unless you know you can do so with financial safety
-Don't be in a rush to enrich yourself
-Don't argue with the conditions of the markets
-Banish wishful thinking
-You don't need to trade everyday
-Real market movement take time to reflect themselves
-Markets just like people have characters
-Trading is a business
-Markets are never wrong , your opinion is
🕯️Understand this you already one step closer to where you need to be🫡
This journey will lead to you understanding who you are as person and as a trader😉🤞
The rate of unemployment in South Africa is still going to increase
If you have an opportunity to pursue forex
Do it whole heartedly /be serious
It’s better to have an extra skill that can generate income while you searching for the Job you went to university for /studied for
The reason why i strive for greatness when it comes to my trading career
Is because i have responsibilities
Taking care of my family(parents , siblings ,my wife, my Son and my mentee)
My failure not only affects me but those who rely on me
That's whats keeping me in check
True market opportunities resides at a point where the net losers are liquidating the opened positions either forced out by a broker or finally accepting the loss and liquidating their position to prevent further damage
People want to be entertained rather being educated
They would rather have you entertain them with the forex lifestyle than for you to educate them about the core concept of forex trading
I DONT WANT TO HAVE ANY REGRETS WHEN IT COMES TO MY TRADING CAREER
I WANT TO LOOK BACK 20YRS FROM NOW AND SAY I HAVE GIVEN IT MY ALL
REGARDLESS OF THE OUTCOMES
THUS FAR ITS BEEN 5YRS 6 MONTHS AND I AM PROUD OF THE AMOUNT OF WORK THAT I HAVE DONE UP TO SO FAR AND THE RESULTS
Signs of being an impatient trader who want to get rich without doing any work:
-Using/Believing in Trading Robots
-Believing in Propfirms
-Paying for Account management
-Joining Forex Pool investment
-Going to forex NFP seminar
-Overleveraging
-Trading assets you cant afford
Etc etc etc
In a zero-sum market the loser pays the winner
85% of traders are losers
15% of traders are winners
85% losers pay 15% of winners
15% are rich ,85% are struggling and there on twitter arguing with me when I am trying to help them move away from price action dependency